Scribd Logo
Upload

Welcome to Scribd!

  • BS PL PL BS BS Bank Purchases Rent Expense AR Van 1 Apr 1 Apr 2 Apr 5 Apr 4 Apr 7 Apr 10 Apr 14 Apr 43550 12000 450 6000 7000

    Uploaded by

    Anastasia Krasheninnikova
    5 views14 pages
    The income statement shows a net income of $963,000 for the year ended December 31, 2021. Total revenue was $25.08 million and cost of sales was $18.04 million, resulting in a gross profit of $7.04 million. Total expenses were $6.67 million, giving a profit before tax of $1.375 million. The statement of financial position shows total assets of $21.769 million as of December 31, 2021, consisting of non-current assets of $2.816 million and current assets of $18.953 million. Total equity was $16.258 million, with long-term liabilities of $2.101 million and current liabilities of $

    Original Description:

    Original Title

    IFR_HW-2 (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The income statement shows a net income of $963,000 for the year ended December 31, 2021. Total revenue was $25.08 million and cost of sales was $18.04 million, resulting in a gross profit of $7.04 million. Total expenses were $6.67 million, giving a profit before tax of $1.375 million. The statement of financial position shows total assets of $21.769 million as of December 31, 2021, consisting of non-current assets of $2.816 million and current assets of $18.953 million. Total equity was $16.258 million, with long-term liabilities of $2.101 million and current liabilities of $

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views14 pages

    BS PL PL BS BS Bank Purchases Rent Expense AR Van 1 Apr 1 Apr 2 Apr 5 Apr 4 Apr 7 Apr 10 Apr 14 Apr 43550 12000 450 6000 7000

    Uploaded by

    Anastasia Krasheninnikova
    The income statement shows a net income of $963,000 for the year ended December 31, 2021. Total revenue was $25.08 million and cost of sales was $18.04 million, resulting in a gross profit of $7.04 million. Total expenses were $6.67 million, giving a profit before tax of $1.375 million. The statement of financial position shows total assets of $21.769 million as of December 31, 2021, consisting of non-current assets of $2.816 million and current assets of $18.953 million. Total equity was $16.258 million, with long-term liabilities of $2.101 million and current liabilities of $

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 14

    BS PL PL BS BS

    Bank Purchases Rent expense AR Van


    1 Apr 50000
    1 Apr 5000
    2 Apr 6000
    5 Apr -5000
    4 Apr -450 450
    7 Apr 6000
    10 Apr 7000
    14 Apr -7000 7000
    43550 12000 450 6000 7000

    Bank Purchases
    1 Apr 50000 5 Apr 5000 1 Apr
    2 Apr 6000 4 Apr 450 7 Apr
    14 Apr 7000
    c/f 43550
    56000 56000 b/f
    b/f 43550

    Rent expense AR
    4 Apr 450 7 Apr

    Sales AP
    2 Apr 6000 5 Apr
    7 Apr 6000
    c/f 12000 c/f
    12000 12000
    b/f 12000

    Trial Balance
    Dr Cr
    Bank 43,550
    Purchases 12,000
    Rent expense 450
    AR 6,000
    Van 7,000
    Capital 50,000
    Sales 12,000
    AP 7,000
    69,000 69,000
    BS PL BS
    Capital Sales AP
    50000
    5000
    6000
    -5000

    6000
    7000

    50000 12000 7000

    Purchases Capital
    5000
    7000
    c/f -
    12000 -
    -

    AR Van
    6000 14 Apr 7000

    AP Inventory
    5000 1 Apr 5000 1 Apr 5000
    7 Apr 7000 10 Apr 7000
    7000
    12000
    12000 12000 b/f 7000
    b/f 7000

    Income statement for the first two weeks ended 14 Apr 2016, $ SFP for George at 14 Apr 2016, $

    Sales 12000 NCA


    Cost of sales Van
    Open inventory 0 CA
    Purchases 12000 Inventory
    Clos inventory -7000 -5000 AR
    Gross Profit 7000 Bank
    less expenses Total Assets
    Rent 450
    -450 CL
    Net Profit 6550 AP

    Equity
    Capital
    Net profit
    Capital
    1 Apr 50000

    Van

    Inventory
    2 Apr 2500
    7 Apr 2500
    c/f 7000
    12000

    or George at 14 Apr 2016, $

    7000

    7000
    6000
    43550 56550
    63550

    7000

    50000
    6550 56550
    63550
    SFP as at 31 Dec 20X1, $000 PLS&CI for the year ended 31 Dec 2021, $000

    ASSETS Revenue 25080


    Non-current assets Cost of sales -18040
    PPE 2002 Gross Profit 7040
    Intangible assets 814 Commercial expenses 1650
    Total nca 2816 Gen adm expenses 3190
    Other operating inc&expenses 803
    Current assets Interest income 88
    Inventory 990 Interest expense 110
    AR 4730 Income before tax 1375
    Financial assets 847 Tax expense 413
    Cash 12386 Net income 963 - единичка тут, чтобы ура
    Total current assets 18953 Other comprehensive income:
    Total assets 21769 Gains on property revaluation 55
    Other ci after tax 55
    Equity&Liabilities Total ci for the year 1018
    Share Capital 11000
    Share Premium 3300
    Revaluation reserve 660
    Retained Earnings 1298 SChEq for the year ended 31 Dec 2021
    Total Equity 16258 SC SP RR RE Total
    1/1/2021 11000 3300 605 858 15763
    Long-term liability CI 55 963 1018
    Financial liab 990 Dividends -523 -523
    Provision for env 506 12/31/2021 11000 3300 660 1298 16258
    Deferred tax liab 605
    Total NCL 2101

    Short-term liability
    AP 3410
    Total equity&liab 21769 0
    - единичка тут, чтобы уравнять TB
    PLS&CI for the year ended 30 Sep 20X6, $000 SC
    Opening bal 5000
    Sales Revenue 6988 Compr income
    COGS: -4840 Dividends
    Opening inventory 795 Issue of SC 2000
    Production 3740 Closing bal 7000
    Depreciation 1088
    Closing inventory 783 SChEq for Cay for the year ended 30 Sep 20
    Gross profit 2148
    Less expenses:
    Distribution costs 671
    Administrative expenses 891
    Operating profit 586
    Finance cost 120
    Profit before taxation 466
    Other comprehensive income:
    Loss on revaluation 150
    Total comprehensive income 316

    SFP at 30 Sep 20X6, $000

    ASSETS
    Non-current assets
    Land 5000
    Buildings 2855
    Plant&Equipment 3880

    Current assets
    Inventory 783
    Trade receivables 2148
    Prepayments 90

    Total assets 14756

    EQUITY&LIABILITIES
    Equity
    Issued capital 7000
    Share premium 2000
    Revaluation surplus 1350
    Retained earnings 1656

    NCL
    Long-term loan 1000

    CL
    Trade payables 1220
    Overdraft 120
    Accrued expenses 130
    Interim dividends 280

    Total liabilities&equity 14756


    SP RS RE Total
    1000 1500 1470 8970
    -150 466 316
    -280 -280
    1000 3000
    2000 1350 1656 12006

    he year ended 30 Sep 20x6, $000

    You might also like